Atlas Salt Inc V.SALT

Annual shortfall of deicing salt in NORAM

[kilofinal7]

From the Atlas Salt website - 

SALT

Market Opportunity

The Great Atlantic Salt Project is a top-tier high-grade salt asset strategically located next to a deep water port in western Newfoundland. This puts Great Atlantic and Atlas Salt in the middle of a robust eastern North America road salt market facing security of supply issues.

• Eastern North America relies heavily on overseas road salt imports to meet annual demand as no new mines have been built in the last 20 years
• Approximately 25 million tonnes of de-icing salt (150 pounds for every American) is scattered on U.S. roads annually
• The U.S. imports 7 to 10 million tonnes per year from Chile and North Africa
• Increasing shipping costs from overseas have become a major issue
• No economic substitutes or alternatives for road salt exist in most applica

• Eastern North America relies heavily on overseas road salt imports to meet annual demand as no new mines have been built in the last 20 years
• Approximately 25 million tonnes of de-icing salt (150 pounds for every American) is scattered on U.S. roads annually
• The U.S. imports 7 to 10 million tonnes per year from Chile and North Africa
• Increasing shipping costs from overseas have become a major issue
• No economic substitutes or alternatives for road salt exist in most applications